Risk Management in Container Terminal Operation: A Comprehensive Study on Risk Decision Attributes

Ports all over the world faced a lot of challenges in daily operation. These challenges lead to risk and adverse effects to the companies. The management, the culture of the company and the risk item being faced constitute the difference in focuses when making the corresponding responses. This paper aims to reveal the effect of such factors on the decision making process in operational risk management of container terminals. Focuses are given to ports and terminals operated in the Asia-Pacific Region which include important ports like Hong Kong, China and Singapore together with the Middle East. By making use of the regression models to investigate the decision rationales, the companies can see how their decision making processes deviate from the industry practices which may be a signal for committing type III error in statistical sense. After all, perceived efficacy is found to be very influential to the performance and the handling process of the terminal operation risk management.